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“Borrowers will now be expected to repay their loans, and those who don’t will face involuntary collections,” White House ...
Those in default on their federal student loan debt could have their wages. tax refunds and federal pensions garnished, the ...
The Department of Education says it’s getting ready to restart collections on federal student loans that are in default. The ...
A federal student loan is considered in default after 270 days of non-payment. Borrowers can check their loan status by ...
The Department of Education will restart its collection of defaulted student loans after a more than five-year halt.
The federal government will come after defaulted student loan borrowers’ tax refunds, federal pension and wages if those ...
This will be the first time since March 2020 that borrowers who have either chosen not to or been unable to make their ...
The move follows the expiration of payment pauses and grace periods that began under former President Biden's administration.
Setting aside the wisdom of this as a policy, it’s particularly ill-timed, given the precarious state of the economy. Put ...
White House press secretary Karoline Leavitt announced today that the pause in collections on student loans in default that ...